Posts Tagged ‘Facebook’

When to Shut Up About Your Small Business

Tuesday, November 24th, 2009

 

This post may seem a bit counter-intuitive, since we’ve been evangelizing about the need to promote your business on social media.  We’ve talked about how this blog, and our tweets, and facebook have led to good things for KikScore.  But there are times when you should stop sharing.

Keeping Your Competitive Advantage:  No matter what business you have, there are certain things that you do, or mistakes that you have learned from, that your competitors would love to know.  When we thought up the KikScore service, we took the time, prior to launching, to file a couple of patents.  But patents don’t completely protect your business.  To file a patent, you must disclose exactly what your competitive advantage is — prior to knowing if you’ll get the patent granted. That’s why Coke has never filed a patent on its secret formula…because they’d have to disclose the exact formula.  Same thing goes for your business.  If you do something better than your competitors, it’s a valuable trade secret.  And it’s not just your competitors you have to worry about…you also have to worry about people interested in investing in your business.  This article describes a recent example of a potential investor that, after learning about a business, deciding to forego the investment and just start a similar business.

Going From Enthusiasm to Annoyance:  We’re all excited about our businesses.  And we love to talk about to our family, friends, followers on Twitter, the guy at the bus-stop, and the deranged homeless man asking for money.  Generally, our enthusiasm is viewed in  a positive light.  But what is the fine line between our enthusiasm and becoming a spammer?  The other night, I was having dinner with friends and letting them know how easy it is to automate updates on my facebook page.  My good friend than said “If you go overboard, I’ll do what I’ve done with my other friends and just turn off your updates.”  I realized that I’ve got to make sure not to abuse my friends and over-promote our business, as it will hurt my brand and I will start losing friends.

Feel free to share other instances when you shouldn’t over-share about your business.

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Posts Tagged ‘Facebook’

Social Media & Your Biz: Open Up So You Can Close

Wednesday, November 18th, 2009

Though the Internet seems to be overflowing with blog posts, tweets, and Facebook updates, there are a good number of businesses that don’t use social media in any manner.  Initially, I wasn’t the biggest evangelist for social media.  In all fairness, others on the Team are much more sophisticated about how to properly use blogs and Twitter. My initial feeling on social media was “Why the hell would I want to read the thoughts of a complete stranger?”  The past 6 weeks, however, we’ve gone live with our site/service and my attitude has completely changed.  Initially, we did very informative, yet sterile, blog postings…ones that no one actually read.  My prejudice seemed to be confirmed.  We then became more candid and casual in our postings, linked them up to Twitter and Facebook and all sorts of good things started to happen:

1.  Our traffic and overall visibility to the site is growing exponentially

2. We have come across several companies that are reaching out to similar small business owners.  Two such partners are Shustir and MyBusinessAssistant — services that are helping small business grow faster and with less headaches.

3. We are getting direct feedback from the marketplace.

4.  Our customers have a good understand with whom they are doing business with — not just a slick website (though our site is pretty slick).

5.  I’ve been able to share my drinking stories and show pictures of my dog online under the guise of being helpful for small business.

We’re not just the only ones seeing the positive impact of opening up to social media.  One of our customers, www.17thandRiggs.com has a great blog and is active on Twitter https://twitter.com/RebeccaSM).  In under a year, Rebecca has transformed her site from a passionate hobby to a destination site for interior designers and those who want to keep up with the latest design trends (as well as a full-time business).  If you don’t like my anecdotal examples, do you prefer the Wall Street Journal’s anecdotal examples?  In a recent WSJ article, a featured small business discussed how her wedding planning business was significantly buoyed by using social media. 

Feel free to share your favorite social media success stories…or tips on using social media.

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Posts Tagged ‘Facebook’

E-Tailers: This Holiday Season Use Facebook and Twitter as Your Online Mall

Thursday, November 12th, 2009

Most people can’t stand the malls around the holidays. Too many people and too little parking spaces help keep shoppers away from the malls not only on Black Friday but throughout the holiday season.  Increasingly where have some of these shoppers turned for their holiday shopping instead of going to the mall?  Well with the mass of online shopping that gets going now on Cyber Monday and continues through the holidays, online shopping has created a great alternative to those people who want to avoid the crowds.

So what is different this year than previous years when it comes to online shopping and targeting these shoppers for our online store?  Unlike last year, many of the online shoppers now are on Twitter and Facebook and other social media and networking sites.  This creates a great opportunity for e-retailers and their online stores. But you have to have a strategy and be relentless about executing on that strategy to take advantage of this new trend.  Here are some helpful tips to get you going so you can turn all those shoppers that are using Twitter, Facebook and other sites into paying customers.

1. Join and Listen. If you are not already on Twitter and Facebook, join these sites or the social networking sites where your customers and potential customers are at. Once you join, start actively listening to conversations on these sites. The better you listen the more effective this type of social customer research will be for your small business.

2. Use Search Terms. Based on your research, use Twitter and Facebook to try to set up search terms (especially with Twitter) that relate to both your business and products that you sell. TweetDeck is a tool that you can use for your business to set up and track search terms across all conversations that are on Twitter. It is a really powerful tool. So for example, if you sell rugs at PlazaRugs.com like a former colleague of mine Andy Ketter you would want to set up in TweetDeck search columns related to “rugs” and maybe even certain brand name rugs.  This will help you track the conversations that are going on that may relate to your product or service that your business offers.

3. Quickly Act on Mentions.  The key to using Twitter and Facebook effectively here is that when someone mentions one of your search terms (i.e. products/services) during a conversation that occurs in the greater community on Twitter, Facebook or another site, you act quickly to join the conversation and even make contact with that person inquiring about a product you may carry or service you perform. Once you make contact with that person by sending a tweet to them, you can engage in a conversation with someone in the online mall.  You can even try to recommend your product or service if the shopper is inquiring on Twitter or Facebook about who sells a particular product that is similar to yours.

4. How it plays out. The best way to demonstrate this is through an example.  So if your online store sells  any and all types of T-shirts related to beautiful Cleveland, Ohio, you can try search terms that relate to “Cleveland”, T-Shirts”, and “Funny T-Shirts.”  So when someone in a Twitter conversation tweets, “I am looking for a funny t-shirt.” or when someone on Facebook updates their status and says “Wish I could find a funny t-shirt about my dad’s hometown in Cleveland.”, you can join the conversation and casually (now don’t be too pushy) suggest that they check out your store for a t-shirt that has a picture of the year Cleveland Browns won the Super Bowl…..that is funny because it never happened and will likely never happen in any Cleveland fans’ lifetime. Or maybe you sell them a picture of when the Cuyahoga River caught on fire just outside of Cleveland…

So there you have it. Start using Twitter, Facebook and other social media sites this holiday season so you can be in the right place at the right time in the online mall.  In the end the sheer volume of shoppers who are in the online mall on Twitter and Facebook will present a unique sales opportunity this holiday season for your store that did not exist last year.  You just need to have the tools set up so you can a) know where your potential customers are at; b) quickly act when these leads suggest in their online conversations interest in products or services you offer; and c)  turning your interactions with these leads into holiday sales!

Tell us how you plan to use Twitter and Facebook this holiday season for your business.

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